The population of Iceland increased from 321,857 to 325,671, or 1.2 percent, between January 1, 2013 and January 1, 2014, according to Statistics Iceland.
The population declined in two regions, primarily in the Northwest which lost 0.8 percent of its population in 2014. Six regions experienced a population increase. The Suðurnes region in Southwest Iceland gained most proportionally (1.7 percent). The population increased by 354 persons.
Six municipalities currently have fewer than 100 inhabitants and 42 have fewer than 1,000 inhabitants. Only nine municipalities had more than 5,000 inhabitants.
The dependency ratio was 68.4 percent on January 1, 2014, a slight decrease from the previous year when it was 68.6 percent. The dependency ratio is calculated as the ratio of the young and old to the working age population of 20–64 years of age.